Trump Administration Faces Rising Inflation and Dropping Consumer Confidence
The U.S. Labor Department reported that the producer price index rose 1.4% in April, marking the largest monthly gain since March 2022. Wholesale prices have surged 6% from a year earlier, while consumer expectations for long-term inflation have climbed to 3.9%. This economic volatility has pushed consumer confidence to record lows and resulted in a 69% disapproval rating regarding the president's handling of prices. Critics and economists attribute the spike to the administration's tariffs and broader economic strategies, describing the crisis as self-inflicted. In response, President Trump has claimed inflation was 1.7% prior to the Iran war, though fact-checks indicate the Federal Reserve's preferred gauge was actually between 2.8% and 3.5% during that period.
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Trump sees US suffer biggest inflation jump since Biden was in office | The Independent
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting ...
Trump’s cost-of-living crisis sends consumer confidence to record low | The Independent
Longer-term inflation expectations also rose sharply, with consumers anticipating a 3.9% increase over the next five years, up from 3.5% last month. ... This poll comes as a survey from Fox News showed voters are unhappy with Trump’s handling of the economy (AP)
Transcript: Trump Erupts in Fury as Inflation Jump Visibly Rattles Him | The New Republic
But even if you take out volatile food and energy costs, prices still rose by the same amount. Simon, your quick reaction to all that news? Rosenberg: Yeah. I mean, look, Trump’s tariffs and his broader economic strategy had already caused the economy to slow, job growth to slow, and inflation to ...
Like Biden, Trump has an inflation problem. Unlike Biden, Trump’s is self-inflicted | CNN Business
That’s a lot harder to ignore than a big jump in goods prices due to higher gas prices, said Heather Long, chief economist at Navy Federal Credit Union. “I don’t know how you tell such a rosy story if we have another month or two of services inflation up 0.5% a month.” ... President Donald Trump ...
Fact check: Trump falsely claims the inflation rate was just 1.7% prior to the Iran war | CNN Politics
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, also wasn’t at 1.7% in any of these pre-war months. It was 2.8% in November 2025, 2.9% in both of December 2025 and January 2026, and 2.8% in February 2026. It jumped to 3.5% in March 2026; the April 2026 data hasn’t been released yet. Trump ...
President Trump’s Approval on Inflation Is Now Worse Than President Biden’s Ever Was | Cato at Liberty Blog
The Economist/YouGov’s May 1–4 poll shows 25 percent of Americans approve of the way Donald Trump is handling inflation/prices while 69 percent disapprove—a net of ‑44 percent, lower than any point in either Biden or Trump’s presidencies since the question was added in October 2022.
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